🚀 Bitcoin's Next All-Time High - Our Timeline!

😲 Strategy Adds 7,390 Bitcoin Achieving Billions in Potential Gains! PLUS: NBA Star Misses out on $32 Billion in Bitcoin & More!

Author

Jonathan Hamblin
May 21, 2025

 

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Welcome back to

BULL MARKET BYTES

Your byte of cryptocurrency insight where Bitcoin’s price movement is all according to plan . . .

As Dr. Evil from Austin Powers would say, one million dollars! 😅

Here is what we have for you today!

📊 BLOCKCHAIN BREAKDOWN
📌 BULL MARKET BULLETIN

  • Cryptocurrency Headlines - Strategy Adds 7,390 Bitcoin Achieving Billions in Potential Gains, NBA Star Misses out on $32 Billion in Bitcoin & More!

BITCOIN TECHNICAL ANALYSIS

We can feel the rockets warming up as Bitcoin has broken $107,000 and continues in a strong upward pattern.

We couldn’t ask for more right now as Bitcoin continues to be healthy and consolidate, which we have wanted since it broke $100,000 on the 8th of May.

With Bitcoin’s recent push above the bull flag formation, we are at +12.51% so far in May with +28.35% in the 2nd quarter!

This easily surpassed our projections of May being a double-digit month and the 2nd quarter being at 25%.

As Bitcoin’s movement follows according to plan, the question we ask ourselves is . . . how much long until Bitcoin breaks the all-time high?

Don’t worry, young grasshopper, we will cover exactly that in today’s newsletter - but before we do - a word from today’s sponsor!

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In our last newsletter, Bitcoin was consolidating sideways - which formed a bull flag formation.

Good news! Bitcoin has made an upward movement to break out of the bullish formation - but hasn’t overextended to make it unhealthy!

Best of both worlds if you ask me.

With the two days that we were keeping in mind . . .

  • May 22 - Point where support and resistance meet prior to the all-time high

  • May 29 - Point where support and resistance meet at the all-time high

It is very likely that Bitcoin will stay above $104,442.54 for a successful 22 May - but then that leaves the question of what will occur on the 29th of May . . .

Let’s take a look at Bitcoin’s daily movement below and receive an in-depth review from our resident AI, Byte!

🤖 Byte the Bot: “Projection of Bitcoin surpassing $105,000 by 22nd of May at 78.14% proves successful! (Score 1 for your favorite bot!)

Bitcoin surpassing the all-time high by the 29th of May . . . calculating . . . increased from 41.87% to 64.86%!”

Thank you, Bot, and congratulations to those that believed in his 78.14% success rate of Bitcoin surpassing $105,000 by the 22nd of May!

Now comes the question, will Bitcoin pull back from the recent upward movement or continue to consolidate and break the all-time high?

Since the 8th of May, we have wanted Bitcoin to stay between $100,000 and $109,114.88 (current all time high).

Not because we want the market to be boring - as it has been - but because we want an explosiveness to occur when the all-time high is broken.

The sideways consolidation ensures that buyers are setting strong “buy walls” or “buying pressure” in the market to eliminate any overextended “selling pressure.”

So, for the question of what is to occur next, let’s direct our attention to everyone’s favorite part of the newsletter (aside from Byte), “What to Anticipate”

WHAT TO ANTICIPATE

As we have stated for years now (literally) . . . we have been waiting for May - July/August of this year - and it has not yet disappointed (knock on wood)!

In our last newsletter, we stated:

🌍 In a perfect world! We are sticking to exactly what we said, "Bitcoin will build support above $100,000 but not break $109,114.88 for the next couple of weeks.”

And again, this is what we hold to. We believe that Bitcoin consolidating in this area until the last week of May will initiate the bull run, we have been waiting for!

Now, the answer to the question that everyone has on their mind . . . Yes, we strongly believe that the end of May will initiate the next bull run!

Of course, this is not financial advice, but as long as Bitcoin is successful in being above $104,442.54 on the 22nd of May, we are in the right direction.

📊 What if Bitcoin breaks $104,442.54? Well, that would put a damper on Bitcoin breaking the all-time high this month.

Bitcoin’s current candlestick is bearish - but no surprise - as Bitcoin just broke above a bullish formation.

This pullback ensures that healthy movement persists.

📈 What movement are we wanting from Bitcoin? I am sure everyone is tired of hearing about “consolidation” and “healthy movement”.

However, it is because of those two key things that Bitcoin will break the all-time high and initiate the next bull run - then question is just “when”?

For this section, we need to answer this question:

🌍 In a perfect world, what do we see? In a perfect scenario case, Bitcoin will maintain above $104,442.54 on the 22nd of May.

From there, Bitcoin’s price squeezes in an ascending triangle pattern from the 22nd of May to the 29th of May.

If this occurs, 85% probability that Bitcoin will break the all-time high prior to the 29th of May - and if that occurs - we celebrate!

Overall! If Bitcoin continues bullish - as it is now - Bitcoin’s next all-time high will occur within the next 7 days!

Again, not financial advice, but if we get this right Byte gets all the credit! Best of luck out there and see you on the 24th of May!

BULL MARKET BULLETIN 📌

Michael Saylor’s Strategy Adds 7,390 Bitcoin! According to an announcement made on the 19th of May, Strategy added 7,390 Bitcoin for $764.9 million to its portfolio! Following this transaction, Strategy now owns 576,230 Bitcoin which cost them around $40.2 billion at an average price of $69,726 per coin. Fancy words aside, this represents an unrealized gain of $19.2 billion for their company! Even with this massive gain, there has been a class-action lawsuit filed . . . grab the popcorn for this one.

NBA Star Misses Out on $32 Billion in Bitcoin! Tristan Thompson, a cryptocurrency fanatic, danced around the idea of accepting his $82 million NBA contract in Bitcoin back in 2015! The day that he signed his contract with the Cleveland Cavaliers, Bitcoin was trading for around $270 each. His $82 million in Bitcoin would now be worth $31.75 billion today! Even though his Bitcoin stash would have been that amount, he openly admits that he does not believe he could have handled the volatility of Bitcoin and would have cashed out.